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$5,875,000 For Sale

470-474 N Old Woodward Avenue
Birmingham, MI 48009

5 units |
10,000 sq ft,
8276 sq ft lot
Commercial: Commercial - MLS# 217103512
Property Photo
1/63

Description

5 UNIT COMMERCIAL PROPERTY, TENANT OCCUPIED BY THE BEST OF THE BEST IN DOWNTOWN BIRMINGHAM! PILATES BIRMINGHAM'S, MARKET NORTH END, RED SALON, ABOOD LAW AND ELIZABETH'S HEAD TO TOE... THIS FULLY OCCUPIED BUILDING HOLDS THE OPPORTUNITY OF A LIFETIME FOR AN OWNER AND/OR INVESTOR. HIGH WALKING TRAFFIC LOCATION IN BUSTLING BIRMINGHAM, ACROSS FROM DYNAMIC BOOTH PARK. THE BUILDING WAS RENOVATED IN 1990 AND DESIGNED BY RON RAE WITH GREAT ARCHITECTURAL DETAIL. INDIVIDUAL UNITS WERE RENOVATED BETWEEN 2009 AND 2012. IDEALLY LOCATED IN THE GALLERY DISTRICT OF CHARMING DOWNTOWN BIRMINGHAM. PROPERTY SITS ON THE CORNER OF RAVINE ROAD AND NORTH OLD WOODWARD AVENUE WITH AMAZING VIEWS AND PERFECT EXPOSURE TO ALL THAT SURROUNDS THIS SPECTACULAR BUILDING. SOUGHT AFTER LOCATION WITH THE POSSIBILITIES TO MAKE IT BENEFIT YOUR PORTFOLIO!!! *8 PRIVATE PARKING SPACING* CALL LISTING AGENT TODAY FOR MORE INFORMATION OR TO SCHEDULE YOUR TOUR. BATVAI.

Features

  • Architecture Level: 2 Story
  • Commercial Exterior Features: Awning/Overhang(S), Outside Lighting
  • Commercial Type: Commercial
  • Commercial Utilities: Fire Sprinkler, Smoke Alarm
  • Construction Materials: Block/Concrete/Masonry
  • County/Area: Oakland County
  • Foundation Details: Basement
  • Foundation Materials: Block
  • Frontage Feet: 71
  • Gross Scheduled Income: 256800.00
  • Heating: Forced Air, Zoned, Other
  • Heating Fuel: Natural Gas
  • Listing Financing: Cash, Conventional
  • Listing Status: Active
  • Lot Dimensions: 71.39X122.82X58.04X120.63
  • Lot SqFt: 8276.4
  • Net Operating Income: 207574.00
  • Operating Expense: 49226.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Percent Leased: 100
  • Property Type: Commercial
  • Road Frontage Type: Paved, Pub. Sidewalk
  • School District: Birmingham
  • Sewer: Sewer-Sanitary
  • Sq.Ft.: 10000
  • Sqft Main: 10000
  • Sqft Office: 2000
  • Sqft Source: Building
  • Sub Type: Commercial
  • Subdivision: Assr's Plat No 29 - Birmingham
  • Subdivision/Neighborhood: Assr's Plat No 29 - Birmingham
  • Units: 5
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Year Built: 1990
  • Zip Code: 48009
  • Zoning: Commercial

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